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HomeMy WebLinkAboutItem 5: Public Hearing on an Ordinance Concerning Multiple-Unit Housing Property Tax Exemptions ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Public Hearing and Possible Action: An Ordinance Concerning Multiple-Unit Housing Property Tax Exemptions and Amending Sections 2.945 and 2.947 of the Eugene Code, 1971 (to Reflect Changes to the Sunset in the State Statutes) Meeting Date: October 24, 2005 Agenda Item Number: 5 Department: Planning and Development Staff Contact: Richie Weinman www.eugene-or.gov Contact Telephone Number: 682-5533 ISSUE STATEMENT The City Council is asked to conduct a public hearing and consider an ordinance that extends the sunset date of the Multiple Unit Property Tax Exemption Program (MUPTE) from 2006 to 2012. City Council action could take place either immediately after the public hearing or on November 14, 2005. BACKGROUND The City of Eugene has participated in the MUPTE program for over 25 years. This incentive program for core area housing is available to the City because it is enabled in state statute. Each individual local exemption must be approved by the City Council. The program is set to terminate in 2006. The most recent legislative session extended the program to 2012. Extension of the program was a priority in the City’s legislative policies and the IGR committee supported a six year extension. This action is a “housekeeping item” that brings the City’s ordinance into compliance with the state statutes. The City and other local taxing districts may forgo revenue when property is exempted from taxes. In the MUPTE program the land continues to be taxed. If a taxed improvement is removed from the property, there is a tax loss during the exemption period. In past cases this revenue is recovered and substantially increased once the exemption period is over, because the value of the added improvement is much greater than what was removed. This ordinance only enables the program. Each tax exemption application is approved by the council on a case-by-case basis. COUNCIL OPTIONS The City Council may approve or deny the ordinance after conducting a public hearing. CITY MANAGER’S RECOMMENDATION The City Manager recommends the adoption of the proposed ordinance. L:\CMO\2005 Council Agendas\M051024\S0510245.doc SUGGESTED MOTION Move to approve an ordinance concerning multiple-unit housing property tax exemptions and amending sections 2.945 and 2.947 of the Eugene Code, 1971. ATTACHMENTS A. Proposed Ordinance FOR MORE INFORMATION Staff Contact: Richie Weinman Telephone: 682-5533 Staff E-Mail: Richie.d.weinman@ci.eugene.or.us L:\CMO\2005 Council Agendas\M051024\S0510245.doc ATTACHMENT A ORDINANCE NO. __________ AN ORDINANCE CONCERNING MULTIPLE-UNIT HOUSING PROPERTY TAX EXEMPTIONS AND AMENDING SECTIONS 2.945 AND 2.947 OF THE EUGENE CODE, 1971. The City of Eugene does ordain as follows: Section 1 . Subsections (6)(a)1 and (6)(b)1 of Section 2.945 of the Eugene Code, 1971, are amended to provide: 2.945 Multiple-Unit Housing - Property Tax Exemption. UU (6) In approving an application, the council must find that: (a) In the case of the construction of, or the addition or conversion to multiple- unit housing: 1. The construction, addition or conversion will be completed on or before January 1, [2006] 2012; (b) In the case of housing subject to a low income housing assistance contract with an agency or subdivision of this state or the United States, 1. The application for exemption was made on or before January 1, [2006] 2012; Section 2 . Subsections (1)(d) and (5) of Section 2.947 of the Eugene Code, 1971, are amended to provide: 2.947 Multiple-Unit Housing - Termination of Approval, Review. UU (1) After a resolution approving an application has been filed, if the city manager finds that: (d) Construction of multiple-unit housing was not completed on or before January 1, [2006] 2012, or (5) If construction, addition, or conversion of multiple-unit housing is not completed by January 1, [2006] 2012, upon receipt of a request from the property owner, the council may, by resolution, extend the deadline for completion of construction of multiple-unit housing for a period not to exceed 12 consecutive months, if it finds the failure to complete construction by the time specified in the resolution was due to circumstances beyond the control of the owner, and that the owner had been and could reasonably be expected to act in good faith and with due diligence. L:\CMO\2005 Council Agendas\M051024\S0510245.doc Section 3. The City Recorder, at the request of, or with the concurrence of the City Attorney, is authorized to administratively correct any reference errors contained herein or in other provisions of the Eugene Code, 1971, to the provisions added, amended or repealed herein. Passed by the City Council this Approved by the Mayor this ____ day of ______________, 2005. ____ day of _______________, 2005. _______________________________ ______________________________ City Recorder Mayor L:\CMO\2005 Council Agendas\M051024\S0510245.doc